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The Federal Reserve may not cut interest rates just yet, here's what that means for your money
The Federal Reserve is not expected to start cutting interest rates just yet. Here’s what that means for your wallet.
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The Body Shop shuts down in the U.S. after filing for bankruptcy
The chain has indicated it will shutter the 50 U.S. locations that had been operating.
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What is ‘shrinkflation'?
The practice usually affects consumers at the grocery store. Here’s what it means.
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A ‘cowboy ski town' where high earners can't afford a home faces a housing battle
In Steamboat, Colorado, along with other mountain towns and destination communities across the country, a pandemic-fueled real estate boom driven by remote workers, second-home buyers and short-term rental investors has caused home prices to nearly double.
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Consumers are increasingly winning in their fight against higher prices. Here's how
Inflation has changed the way many Americans shop. Now, those changes in consumer habits are helping bring down inflation.
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I've lived in the Netherlands for 14 years—why we're always ranked one of the world's happiest countries
Happiness researcher Olga Mecking shares why “niksen,” the Dutch art of doing nothing, is one of the biggest reasons why people in the Netherlands are so happy and content.
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Young adults are getting used to living on a financial cliff
Many young people came of age between two recessions, a pandemic and crushing student loan debt.
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Some Americans have become saddled with credit card debt as rent and everyday prices remain high
Noticeable pockets of Americans — renters, lower and middle-income borrowers — are running up their credit cards balances, and increasing numbers are falling behind on their debts.
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Federal Reserve's favored inflation gauge tumbles in November as prices continue to ease
The Federal Reserve’s preferred measure of prices fell last month, another sign that inflation is easing and that consumers should expect to see lower interest rates in 2024.
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Driven by cheaper gas, cars and airfares, US inflation slowed in October
Tuesday’s report showed that prices either fell or rose only slowly across a broad range of goods and services, including gas, new and used cars, hotel rooms and housing.
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Strong US economic growth for last quarter likely reflected consumers' resistance to Fed rate hikes
The government is expected to report stellar growth for the U.S. economy during the July-September quarter, highlighting the durability of consumer and business spending despite the Federal Reserve’s efforts to cool the expansion with high interest rates.
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Rite Aid files for bankruptcy
Rite Aid, the third-largest US drugstore chain, filed for Chapter 11 bankruptcy protection Sunday
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Biden is talking about green energy and jobs in Pennsylvania again. Will his message break through?
President Joe Biden is in Pennsylvania again. On Friday, he’s championing steep increases in federal public works spending and detailing how promoting green energy can bolster U.S. manufacturing. In Philadelphia, he announced the city is one of the regional hubs selected to produce and deliver hydrogen fuel that can run factories, ports and other facilities. But the war between Israel...
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What a government shutdown means for you: Social Security, SNAP, passports and more
If a shutdown happens, millions of federal employees will be furloughed and many others will be forced to work without pay until it ends. A handful of federal programs that people nationwide rely on everyday could also be disrupted.
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White House preparing for government shutdown, disruption of federal services
The White House on Friday directed federal agencies to get ready for a shutdown after House Republicans left town for the weekend with no viable plan to keep the government funded and avert politically and economically costly disruption of federal services.
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Here are 3 money moves wealthy Americans are more likely to make in times of economic uncertainty
There are certain money moves wealthy Americans are more likely to make to improve their long-term well-being.
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Biden's goals for labor and climate collide in United Auto Workers strike
The United Auto Workers strike has exposed tensions between President Joe Biden’s goals of fighting climate change and supporting unions.
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Child poverty more than doubled in U.S. after expanded tax credits, stimulus checks ended
The end of expanded financial assistance from the Covid-19 pandemic has wiped out progress made by the U.S. in fighting child poverty.
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HUD releases new aid for low-income families to keep up with rising rents
The Department of Housing and Urban Development said that fair market rents for fiscal year 2024 will rise about 12 % nationwide and that the department has increased funding for housing choice vouchers.
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Raimondo meets Chinese officials in ‘tricky' visit as countries seek a more stable relationship
Raimondo arrived in Beijing on Sunday night, beginning a visit which came at the invitation of her counterpart, Chinese Minister of Commerce Wang Wentao.